Riiight, my odds of being as famous as Angelina Jolie are better than your odds of making 100k in six months. AND... I am not even in the movie business !
Table below shows the Position sizing i need to be using to get to the 100K target. As can be seen it isnt until the account reaches 24K that i can get the position sizing down to 5%. This is after 12 weeks in (if everything goes to schedule). As already mentioned the risk of ruin is extremely high in the first 10 weeks. Code: Week Start Equity Max BetSize %of Account Risked Per Bet 1 500 250 50 2 800 250 31.2 3 1300 250 19.2 4 2050 400 19.5 5 3200 500 15.6 6 4500 660 14.6 7 6000 800 13.3 8 8000 1000 12.5 9 10500 1200 11.4 10 13500 1200 8.8 11 17000 1200 7 12 20500 1200 5.8 13 24000 1200 5 14 27500 1200 4.3 15 31000 1200 3.8 16 34500 1200 3.6 17 38000 1350 3.5 18 42000 1350 3.5 19 46000 1750 3.5 20 51500 2000 3.5 21 57000 2000 3.3 22 63000 2300 3.3 23 70000 2300 3.2 24 77000 2500 3.2 25 84000 2500 2.9 26 92000 2500 2.7
My second post in this thread shows my journal trades to date. Or are you asking a different question?
I know that most likely, you are unwilling to give specific details, but do you think you could possibly disclose the basics of your trading strategy to those of us who find it hard to have the same track record . Either way, great journal, Ill be following it. Keep us updated.
I havent reached my target yet, i could still blow up, best not to ask me for trading advice until i reach atleast 15K i think. But i will give you some advice about trading days like today: If you were trading the stock market indexes then you did not want to be taking any long trades today! Todays P/L was a profit of 539.5 Account balance currently stands at 1351. Which, after just 3 days, is way a head of target. I must not get carried away now. Also i must keep cool if i hit a losing streak, which could happen at any time. Following is every entry/exit made today (in reverse order): Code: Date Market Open Size Close P/L 22/06/2009 Wall Street Daily Cash 8364 -7 8339 175 22/06/2009 FTSE 100 Daily Future (Sep) 4279.5 -5 4263.1 82 22/06/2009 FTSE 100 Daily Future (Sep) 4280.8 -5 4263.1 88.5 22/06/2009 Spot FX EUR/USD 13910.5 -10 13890.5 200 22/06/2009 Spot FX EUR/USD 13910.6 -10 13900.6 100 22/06/2009 Spot FX EUR/USD 13911 -10 13916.5 -55 22/06/2009 Spot FX EUR/USD 13911.1 -10 13916.2 -51
I will use graphical screen grab blotters going forward. Saves having to convert tabs to spaces in the textual blotters i have been posting. Here are all transactions to date:
Wow, youre where you wanted to be a little less than three weeks from now. Im sure Ill just ask again in a week or so, you'll probably be right near there . Signed up for this, might as well check out the rest of the forums till then.